Good Real Estate Investments are found in a variety of ways
Good investments are found in a variety of ways. Some ways are more productive than others.
You must first identify what characteristics are necessary for the properties you want to purchase. Are they commercial, residential, income producing, farm...? Only you or your financial backer can answer that. Single-family residential homes have typically , but not always, produced the most successes — in both availability and profit. Your specific geographic location will impact that statement more than anything else. If you focus on homes for middle or lower income individuals there is a greater number of qualified buyers thus a shorter turnaround time. More expensive homes generally have longer turnaround time, which ties up capital — whether it is yours or someone else’s. The objective is to make a profit in the shortest amount of time.
Some of the best sources of good investments are:
Legal notices for foreclosure auctions, HUD and VA lists, Fannie Mae and Freddie Mac government lists, Banks, Mortgage Companies, Credit Unions, Attorneys, Local newspapers, For Sale By Owner properties, Local real estate magazines, MLS listings, Realtors, Scouting neighborhoods and so on.
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